Q: Were you ready for a such a big project?
Gail Warrior: We didn't have the cash flow to handle a job of this size. First, we tried to get bank financing, but lots of banks are scared of lending to construction companies. And I was reluctant to seek venture capital funding. I was worried about losing control of my baby. Eventually, we went to Texas Women's Venture Fund — a group made up primarily of women executives and business owners. TWVF wasn't interested in owning the company. They provided $3 million in debt capital, as opposed to equity. They placed someone in our advisory board to help us manage cash flow. It was a two-year relationship that transforned our business.
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